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Mortgage Rates Virginia (VA) for April 2026
Content reviewed by
Brian McKay
Brian McKay
Founder & Data Architect
Expertise
Automated Online Rate Data Aggregation
Location-Based Rate Tables
Bank & Credit Union Health Safety Ratings
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Finance Calculators
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of lenders actively lending in Virginia. Our editorial content is independent of any advertiser relationships.
|✓Fact Checked|Mortgage Rates Last Updated and Verified: April 17, 2026
Current 30-year fixed mortgage rates in Virginia include Wells FargoWells Fargo10 S Jefferson St, Abingdon, VA, 20109A5.0 ★Texas Ratio: 7.44% at 5.50%, State Department Federal Credit UnionState Department Federal Credit Union1630 King St, Alexandria, VA, 22201A+5.0 ★Texas Ratio: 4.53% at 5.75%, Homebase Federal Credit UnionHomebase Federal Credit Union13200 Bermuda Orchard Lane, Chester, VA, 23801A5.0 ★Texas Ratio: 6.30% at 5.62%, Commonwealth One Federal Credit UnionCommonwealth One Federal Credit Union170 Bluestone Dr, Alexandria, VA, 22302A-5.0 ★Texas Ratio: 14.20% at 5.62%, and Transit Employees Federal Credit UnionTransit Employees Federal Credit Union5948 Richmond Hwy, Alexandria, VA, 22303 1871A+5.0 ★Texas Ratio: 2.14% at 5.63%. Mortgage rates as of April 17, 2026 according to verified data from MonitorBankRates.
Use the tabs below to compare mortgage rates across all loan types in Virginia side-by-side. Virginia mortgage rates currently start as low as 5.50% from Wells Fargo at 10 S Jefferson St, Abingdon, VA, 20109. Rates are continually updated — we recommend checking back frequently.
Mortgage Rates reflect actual verified offers from lenders actively lending to Virginia borrowers. Your final approved rate will depend on your credit profile, loan-to-value ratio, and daily market movements. Last Updated and Verified: April 17, 2026
Compare Mortgage Rates Today in Virginia
Source: Verified Mortgage Rate Data provided by MonitorBankRates
Financing valid for single-unit primary residence homes that meet specific criteria. Available exclusively for properties located in the Commonwealth of Virginia.
Payment Example: At a 6.250% initial interest rate (7.309% APR), a 5/6 ARM with a 30-year term would have monthly payments of $4,433.16 for the first 60 months, then $5,186.82 for the next 300 months, assuming no increase to the index. Your actual payments will be based on market conditions at the time of interest rate changes per the terms of your loan agreement. For ARMs, the rate may increase after consummation. These payments are based on a $720,000 loan on a $900,000 property in Alameda County, CA. If an escrow account is required or requested, your actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. The values shown assume the loan is for the purchase of a single-family residence that will be used as a primary residence and that the applicant has a credit score of 740 or higher.
Source: Verified Mortgage Rate Data provided by MonitorBankRates
Lender
Product
Term
Rate
APR
Profile
Virginia Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 6.74%
10 N Nansemond St Ste 6, Charlottesville, VA, 22401 4974
The mortgage rates displayed are verified and sourced directly from the official websites of the listed financial institutions. Your final approved rate will depend on your specific credit history, credit score, loan amount, and down payment.
Banks and Credit Unions: If you need to update your rate data or request removal from MonitorBankRates.com, please contact us here.
Virginia Mortgage Rate Trends
Compare local Virginia mortgage rate quotes against the statewide average
Daily mortgage rate averages tracked across our database of verified mortgage rate quotes — updated every evening.
MonitorBankRates Housing Affordability Index (MBR-HAI)
A daily-updated affordability score for Virginia — updated every night from live mortgage rates across our monitoring network combined with U.S. Census Bureau income, home value, and cost burden data.
With a score of 102.8, Virginia is 2.2 points more affordable than the national average of 100.6. Virginia ranks #26 out of 51 states for affordability — near the middle of the national affordability range.
The index reflects the current Virginia 30-year mortgage rate of 6.686% combined with Census median home values, household income, property taxes, and cost burden data. A 0.25% rate change shifts the score by approximately 0.8–1.0 points — meaning today’s rate environment directly impacts how affordable homeownership is relative to local incomes across Virginia.
Score updated nightly from live mortgage rates across 8,500+ monitored institutions combined with U.S. Census Bureau ACS 5-Year Estimates (2024) and CPS/HVS Q4 2025. Score of 100 = national average at 6.5% reference rate. Full methodology →
How Mortgage Rates Impact Home Affordability in Virginia
Virginia Housing Market Overview
According to the U.S. Census Bureau, the median owner-occupied home value in
Virginia is approximately
$383,700.
The 2026 FHFA conforming loan limit for Virginia is
$832,750.
Virginia Homeownership Rate
Virginia
68.8%
+3.1% vs. national avg
U.S. National Rate
65.7%
CPS/HVS Q4 2025
Homeowner Vacancy Rate
1%
Tight market — low inventory
The homeownership rate in Virginia stands at 68.8%, near the national average of 65.7%. The homeowner vacancy rate of 1% signals a tight market with limited available inventory — making it critical to secure the best possible rate quickly when a suitable property becomes available.
Monthly Payment Estimates for Virginia Buyers
Even a small difference in your interest rate can add up to tens of thousands of dollars over the life of a loan.
The table below shows monthly principal and interest payments on a
$310,000 mortgage — based on a 20% down payment on the Virginia median home value.
Interest Rate
Loan Term
Monthly Payment
Total Interest Paid
5.820%
30-year fixed
$1,823
$346,238
6.320%
Current Avg
30-year fixed
$1,923
$382,229
6.820%
30-year fixed
$2,025
$419,036
5.999%
15-year fixed
$2,616
$160,842
A 0.500% rate increase on a $310,000 loan adds roughly
$102 per month and over
$36,807 in total interest over a 30-year term.
That’s why comparing verified, current rates from multiple lenders — using the rate table above —
is one of the most impactful financial decisions a Virginia buyer can make.
Data sources: U.S. Census Bureau; Federal Housing Finance Agency (FHFA). Monthly payments shown are principal & interest only — taxes, insurance, and PMI not included.
Virginia Income & Housing Affordability
At a price-to-income ratio of 4.1x, Virginia is a relatively affordable housing market compared to national averages. That ratio — median home value divided by median household income — is a standard benchmark used by housing economists to gauge how accessible homeownership is relative to local earnings. The national baseline is approximately 3.8x.
Virginia Median Income
$93,170
+15.4% vs. national median
ACS 5-Year 2024
U.S. Median Income
$80,734
National baseline
ACS 5-Year 2024
Price-to-Income Ratio
4.1x
National avg: 3.8x
Home value / household income
What This Means for Virginia Buyers
With a median household income of $93,170 per year in Virginia ($7,764/month) and a median home value of approximately $383,700, a buyer financing at 80% LTV at the current average rate would commit roughly 24.8% of gross monthly income to principal and interest alone. that falls within a manageable range relative to income, though taxes, insurance, HOA fees, and PMI will add to the true monthly cost of ownership.
Data sources: U.S. Census Bureau. Monthly payment estimate assumes 80% LTV at current average rate; principal and interest only.
Full Cost of Homeownership in Virginia
A mortgage payment is just the starting point. Property taxes, insurance, and utilities add hundreds of dollars per month to the true cost of owning a home across Virginia. Understanding the full picture before you buy is the difference between a home you can afford and one that stretches you thin.
Owner vs. Renter Costs
Median Monthly Owner Cost
$1,559
Mortgage, taxes, insurance & utilities
Median Gross Rent
$1,579
Rent including utilities
Ownership Premium
$20
Owner cost vs. rent per month
Owning costs 1% less than renting
Median Annual Property Tax
$3,430
$286/month added to housing costs
Across Virginia, the median homeowner with a mortgage pays approximately $1,559/month in total housing costs — covering the mortgage payment, property taxes, insurance, and utilities. The median renter pays $1,579/month including utilities. In this market, owning costs less per month than renting — a compelling financial case for buyers who can qualify for financing. Property taxes alone account for $286/month of the ownership cost, a figure that can vary dramatically by location and is often underestimated by first-time buyers.
Housing Cost Burden
The federal standard defines “cost burdened” as spending more than 30% of gross household income on housing. “Severely cost burdened” means spending 50% or more. Both thresholds leave little room for savings, emergencies, or other financial goals.
Owner Cost Burden (30%+)
25%
of mortgage holders
9.7% severely burdened (50%+)
Renter Cost Burden (30%+)
46.1%
of renters
22.3% severely burdened (50%+)
National Owner Burden
28.0%
of mortgage holders nationally
47.6% of renters nationally
Across Virginia, 25% of homeowners with mortgages are cost burdened and 46.1% of renters are cost burdened. Renters face significantly higher burden rates than owners — a pattern that often reflects lower renter incomes rather than lower rental costs, and one that can make the path from renting to owning financially difficult even when mortgage payments might be affordable. With an owner burden rate of 25% near the national average of 28.0%, this market reflects typical affordability conditions for mortgage holders.
Data sources: U.S. Census Bureau, American Community Survey 5-Year Estimates.
Monthly owner costs include mortgage payment, taxes, insurance, and utilities.
Property taxes reflect median annual taxes for mortgage holders.
Rent reflects median gross rent including utilities.
Cost burden figures reflect households spending 30%+ of gross income on housing.
Run the Numbers on Your Virginia Home Loan
Rates are only part of the equation. Use these calculators to translate current Virginia mortgage rates into real numbers for your specific situation — before you talk to a lender.
Borrowers in Virginia have access to a wide range of mortgage programs. Rates, down payment requirements, and eligibility rules vary significantly across products — understanding the differences before you compare lenders can save thousands of dollars over the life of your loan.
Fixed-Rate Mortgage
A fixed-rate mortgage locks your interest rate in for the entire loan term — your principal and interest payment on day one is identical to payment 360. That predictability is valuable for long-term financial planning, especially in markets where housing costs represent a large share of household income.
Available in 10-, 15-, 20-, and 30-year terms. The 30-year minimizes monthly payments; the 15-year cuts total interest paid dramatically but requires a higher monthly commitment. The payment comparison table above shows exactly how those trade-offs look at today’s Virginia rate levels.
Adjustable-Rate Mortgage (ARM)
An ARM offers a fixed introductory rate for an initial period — commonly 5, 7, or 10 years — after which the rate adjusts periodically based on a market index. The starting rate is typically lower than a comparable fixed-rate loan, which reduces your monthly payment during the initial window.
ARMs work best when you have a defined exit timeline: if you plan to sell or refinance before the fixed period ends, you capture the lower rate without exposure to future adjustments. Rate caps govern how much the rate can move at each adjustment and in total, so read those terms closely before committing.
FHA Loan
Backed by the Federal Housing Administration, FHA loans are built for buyers who don’t yet meet conventional loan standards. You can qualify with a credit score of 580 and just 3.5% down — and some lenders will consider scores as low as 500 with a 10% down payment.
The cost of that lower barrier is mortgage insurance. FHA loans carry an upfront MIP of 1.75% of the loan amount (which can be rolled in) plus an annual MIP of 0.15%–0.75% depending on your term and LTV. For buyers who would otherwise wait years to save a larger down payment — given ongoing home price trends in Virginia — FHA is often the faster path to ownership.
VA Loan
Available to eligible active-duty service members, veterans, reservists, National Guard members, and qualifying surviving spouses, VA loans are among the most favorable mortgage programs available anywhere. No down payment is required, there is no monthly mortgage insurance, and rates are generally competitive with — and often better than — conventional loan rates.
A one-time funding fee applies — 2.15% of the loan for first-time VA borrowers with no down payment — which can be financed into the loan. In Virginia, where home prices require substantial savings for a conventional down payment, the zero-down VA benefit is an enormous advantage for those who qualify.
Jumbo Loan
Conforming loan limits in Virginia vary by county. The 2026 FHFA baseline is $832,750 for most counties, with higher limits in designated high-cost areas. Any mortgage exceeding the applicable county limit is a jumbo loan and falls outside Fannie Mae and Freddie Mac guidelines.
Jumbo underwriting is stricter: lenders typically require a credit score of 700 or higher, substantial cash reserves, thorough income documentation, and a down payment of at least 10–20%. Rates may run slightly above conforming levels, though the gap narrows in competitive lending environments.
Methodology & Data Sources
Direct-Sourced & Verified Mortgage Rate Data: We aggregate mortgage and refinance rates for Virginia directly from the official websites of local lenders, credit unions, and national mortgage originators using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every rate displayed is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available home loan products in Virginia. We feature a comprehensive mix of licensed NMLS financial institutions — from neighborhood credit unions and competitive regional banks to large national originators available to borrowers in VA.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update mortgage rates daily. Because rates and APRs can fluctuate rapidly based on bond markets and economic conditions, every loan product features its own “last updated” date for full transparency.
Proprietary Lender Health & Safety Grades: Beyond tracking rates, MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective regulatory data — including the Texas Ratio — ensuring you compare rates from secure, reliable lenders.
Frequently Asked Questions about Mortgage Rates in Virginia
How does my credit score affect my rate in Virginia?
Your credit score is a major factor. Generally, borrowers in Virginia with higher credit scores (760+) receive the lowest interest rates.
What is a 30-Year Fixed Mortgage?
A 30-year fixed-rate mortgage is a home loan where the interest rate remains the same for the entire 30-year term. It is the most popular type of mortgage in Virginia because it offers lower monthly payments compared to shorter-term loans.
What are closing costs in Virginia?
Closing costs are fees paid at the end of a real estate transaction, typically ranging from 2% to 5% of the loan amount. In Virginia, these may include appraisal fees, title insurance, and recording fees.
Should I lock my mortgage rate?
If you are satisfied with the current rate and worried rates might rise before closing on your home in Virginia, locking your rate is a good idea. It guarantees your rate for a specific period.
What is an Adjustable-Rate Mortgage (ARM)?
An ARM has an interest rate that can change over time. It usually starts with a lower fixed rate for a period (e.g., 5 years) before adjusting annually based on market indices.
What is a Jumbo Loan in Virginia?
A Jumbo Loan exceeds the conforming loan limits set by the FHFA. In high-cost areas of Virginia, these limits are higher. These loans typically require stronger credit and larger down payments.
Do I need 20% down to buy a house in Virginia?
No. While 20% avoids Private Mortgage Insurance (PMI), many lenders in Virginia offer loans with as little as 3% or 3.5% down (FHA). VA loans may require no down payment.
What is the difference between Interest Rate and APR?
The interest rate is the cost of borrowing the principal. The APR (Annual Percentage Rate) includes the interest rate plus other costs like points and fees, giving a truer cost of the loan.
How do I find the best lender in Virginia?
Compare rates from multiple sources including local banks, credit unions, and online lenders using the tables on this page to find the best offer for your situation.
What is the median home value in Virginia?
According to the U.S. Census Bureau, the median owner-occupied home value in Virginia is approximately $383,700. The 2026 FHFA conforming loan limit for this area is $832,750. Source: U.S. Census Bureau; Federal Housing Finance Agency (FHFA).
What is the homeownership rate in Virginia?
According to the U.S. Census Bureau Housing Vacancies and Homeownership survey (CPS/HVS, Q4 2025), the homeownership rate in Virginia is 68.8%, compared to the national rate of 65.7%. Source: census.gov/housing/hvs.
What is the conforming loan limit in Virginia?
The 2026 FHFA conforming loan limit for Virginia is $832,750. Mortgages above this amount are considered jumbo loans and typically require stronger credit, a larger down payment, and additional reserves. Source: Federal Housing Finance Agency, fhfa.gov/data/conforming-loan-limit.
What is the median monthly cost of homeownership in Virginia?
According to the U.S. Census Bureau, the median monthly owner cost for mortgage holders in Virginia is approximately $1,559 per month. This includes the mortgage payment, property taxes, insurance, and utilities.
What are the median property taxes in Virginia?
The median annual property tax paid by homeowners with a mortgage in Virginia is $3,430 per year ($286 per month). Source: U.S. Census Bureau.
What is the median rent in Virginia?
The median gross rent in Virginia is $1,579 per month, including utilities. Source: U.S. Census Bureau.
What percentage of homeowners are cost burdened in Virginia?
25% of mortgage holders in Virginia spend more than 30% of their gross household income on housing costs -- the federal definition of cost burdened. 9.7% are severely cost burdened, spending 50% or more of their income on housing. The national average for owner cost burden is 28.0%. Source: U.S. Census Bureau.
What percentage of renters are cost burdened in Virginia?
46.1% of renters in Virginia spend more than 30% of their gross income on rent, compared to the national average of 47.6%. 22.3% are severely cost burdened at 50% or more. Source: U.S. Census Bureau.
What are the best Mortgage rates in Virginia?
Wells Fargo: 5.50% (30-Year Fixed-Rate VA)
State Department Federal Credit Union: 5.75% (Super Conforming 30 Year Fixed)
Homebase Federal Credit Union: 5.62% (VA 30 Year Fixed)
Commonwealth One Federal Credit Union: 5.62% (VA 30 Year Fixed)
Transit Employees Federal Credit Union: 5.63% (VA 30 Year Fixed)
Mortgage Rates reflect actual verified offers from lenders actively lending to Virginia borrowers. Your final approved rate will depend on your credit profile, loan-to-value ratio, and daily market movements. Last Updated and Verified: April 17, 2026
Brian McKay
